WHY THE GOVERNMENT REDISTRIBUTES WEALTH
- Created by: rebecca
- Created on: 18-04-13 14:50
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- WHY THE GOVERNMENT REDISTRIBUTES WEALTH
- EQUITY AND EQUALITY
- 10% WHO EARN THE MOST WILL EARN SEVERAL MULTIPLES OF THE 10% WHO EARN THE LEAST
- INEQUALITY HAS INCREASED RAPIDLY FROM 1979-2009
- 1979 A HOUSEHOLD ON THE 90TH PERCENTILE OF INCOME EARNED 3x AS MUCH AS THE HOUSEHOLD ON THE 10TH PERCENTILE
- 2009- FIGURE IS NOW 5x AS MUCH
- FAILURE OF THE FREE MARKET?
- PROGRESSIVE TAX
- REDUCE THE GAP
- HOW MUCH INEQUALITY IS UNFAIR?
- RAIL TRANSPORT ISN'T CHEAP
- BUS SERVICES ARE CHEAPER. LESS THAN AVERAGE INCOME
- THE NATIONAL RAIL CARD SCHEME GIVES 1/3 OFF FARES FOR AGE GROUPS16-25, AND OVER 59 AS A WAY OF REDUCING INEQUALITY
- CAUSES OF INEQUALITY
- GENETICS
- IQ SCORES ARE BEST PREDICTION FOR FUTURE INCOMES
- HEALTHY = BETTER INCOME
- UPBRINGING
- CHILDS UP BRING AFFECTS THE CHILDS FUTURE
- CAN BUY BETTER HEALTH AND EDUCATION FOR THEIR CHILDREN
- SCHOOLS MAY HAVE SMALLER CLASSES- MORE FOCUSED
- EXTRA-CURRICULAR ACTIVITIES WITH KIDS FROM SIMILAR BACKGROUNDS WHOSES PARENTS HAVE SIMILAR ASPIRATIONS
- GOING TO UNI MAY BE THE NORM
- CHANCE
- BORN LUCKY
- SOME EVENTS CAN BE PUT DOWN TO CARELESSNESS (BAD INVESTMENTS)
- PERSONAL PREFERENCES AND PERSONAL RESPONSIBILITY AS AN ADULT
- AMBITIONS OR MONEY?
- HIGHER PAY, OR A JOB THEY ENJOY MORE?
- DISCRIMINATION
- GENDER
- RACE
- PERSONAL CHARACTERISTICS
- GENETICS
- EQUITY AND EQUALITY
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